PPP Loan Data — Continental Office Furniture Corporation, Columbus, OH
Continental Office Furniture Corporation is a subchapter s corporation located at 5061 Freeway Drive East in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,710,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Continental Office Furniture Corporation received a Paycheck Protection Loan of $3.71M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Continental Office Furniture Corporation's total 2019 payroll expenses were approximately $17.81M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $89,057 per employee1.
Business Information - Continental Office Furniture Corporation in Columbus, OH
5061 Freeway Drive East
Columbus, OH 43229
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-12
Similar Companies near Columbus
In the Columbus area, 3 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 200) and received an average PPP loan of $1,712,266 (compared to this company's $3.71M).
Similar Nearby Businesses Who Received PPP Funding:
Roundhill Furniture Inc
Farnham Equipment Co
Industry PPP Comparison Statistics
Nationwide, 2,847 businesses in the "Furniture Merchant Wholesalers" industry received a total of $449,386,306.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 94% lower than Continental Office Furniture Corporation's reported 200 employees, and received an average PPP loan of $157,846, 96% lower than this company's loan of $3.71M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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